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Author Topic: How to make governments accept bitcoin?  (Read 28673 times)
rmyg5907
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May 06, 2017, 03:40:31 AM
 #601

In my opinion,government would't accept  bitcoin but release their own national electronic coin
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May 06, 2017, 05:55:18 AM
 #602

In my opinion,government would't accept  bitcoin but release their own national electronic coin
I don't agree with your statement because if government will not accept bitcoin then can you explain what does the country of Japan already did to bitcoin? They already legalized bitcoin to their country and that is one of the reason why bitcoin is getting too much attention and increased to its price because of that so i don't think government will not accept bitcoin because if they realized and saw some potential from bitcoin then they will eventually accept it.

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May 06, 2017, 09:09:03 AM
 #603

To make bitcoin accepted by the governments. It will need a lot of proof for the government that bitcoin is a really good currency because the government is not that fast accepting type of organization, they investigate and observe it a lot before they accept it because they want to make sure that the currency is a good for the future when they start to use it.

They don't need proof for it because they just need to have some case studies about bitcoin and the only thing they need to know is, in what way is bitcoin going to be beneficial for their government, people and for the whole country. Once everything is clear about bitcoin and it's very promising base on their reviews, it will be accepted.




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May 06, 2017, 09:14:45 AM
 #604

I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes
they dont support bitcoin because there are no benefits bitcoin taxes go to miners
Thats true, maybe if the government can benefit like a tax for bitcoin users, maybe the government might consider the legalization of bitcoin

An government making legalized usage of bitcoin is not that simple, they need to consider lot many things to make it function in a perfect manner. There is nothing good if it's been adopted for name sake. For this reason governments take their own time and make necessary changes based on the goodness.

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May 06, 2017, 10:58:28 AM
 #605


To make bitcoin accepted by the governments. It will need a lot of proof for the government that bitcoin is a really good currency because the government is not that fast accepting type of organization, they investigate and observe it a lot before they accept it because they want to make sure that the currency is a good for the future when they start to use it.

i think yes you are right that it will take much time to make governments to accept bitcoin because they will investigate about bitcoin that it will really proof beneficial for the future of the country and also they will want to know that whether there will be good impact on the economy of the country by legalizing bitcoin, so i think it will not be easy task to make them accept bitcoin.

 
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May 06, 2017, 11:24:26 AM
 #606

It's very difficult to achieve it.
My country is part of EU.
It means that my government have to follow laws and regulations from EU council and EU parliament, and also they have to follow direction from central European bank.
So, before most countries in EU decide to accept bitcoin there is no way that my or any country alone accept bitcoin officially.
Right now, I know that central bank in my country don't accept bitcoin officially and don't think it will change in the near future.




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Dizaster2015
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May 06, 2017, 11:54:29 AM
 #607

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
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May 06, 2017, 12:00:52 PM
 #608

In my opinion,government would't accept  bitcoin but release their own national electronic coin
I don't agree with your statement because if government will not accept bitcoin then can you explain what does the country of Japan already did to bitcoin? They already legalized bitcoin to their country and that is one of the reason why bitcoin is getting too much attention and increased to its price because of that so i don't think government will not accept bitcoin because if they realized and saw some potential from bitcoin then they will eventually accept it.
it just agree the btc exchange and as a tool to pay ,maybe they just want made more people to pay attention their release coin.
the maximal mine is in the china,in some way,the government of Japan maybe want made the electric of china use more ,so they can get others
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May 06, 2017, 12:08:37 PM
 #609

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.

It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
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May 06, 2017, 12:33:06 PM
 #610

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.

It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.

Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.
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May 06, 2017, 12:54:07 PM
 #611

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.

It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.

Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.

The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
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May 06, 2017, 01:29:38 PM
 #612

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.

It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.

Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.

The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
Yes, the government can control all, the problem here is just time, they need more time to solve problems that may occur when they control bitcoin. Now bitcoin is still an outlaw but in the future surely the governments of countries around the world will accept it as a common currency and it will be under the administration of the government. Bitcoins can affect the economy of countries and so the government needs to manage it, if they can not manage it, they will eliminate it but until now it has not been eliminated, meaning that the government will accept and manage it in the future

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varyspro
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May 06, 2017, 01:45:59 PM
 #613

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.

It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.

Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.

The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
Yes, the government can control all, the problem here is just time, they need more time to solve problems that may occur when they control bitcoin. Now bitcoin is still an outlaw but in the future surely the governments of countries around the world will accept it as a common currency and it will be under the administration of the government. Bitcoins can affect the economy of countries and so the government needs to manage it, if they can not manage it, they will eliminate it but until now it has not been eliminated, meaning that the government will accept and manage it in the future

But after all, Japan legalized bitcoin. The legalization took place a month ago and there were no negative consequences for the Japanese economy.
This gives a chance to hope that other developed countries will follow suit.
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May 06, 2017, 01:49:35 PM
 #614

The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.

It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.

Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.

The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
Yes, the government can control all, the problem here is just time, they need more time to solve problems that may occur when they control bitcoin. Now bitcoin is still an outlaw but in the future surely the governments of countries around the world will accept it as a common currency and it will be under the administration of the government. Bitcoins can affect the economy of countries and so the government needs to manage it, if they can not manage it, they will eliminate it but until now it has not been eliminated, meaning that the government will accept and manage it in the future

But after all, Japan legalized bitcoin. The legalization took place a month ago and there were no negative consequences for the Japanese economy.
This gives a chance to hope that other developed countries will follow suit.

Once it gain good acknowledgement in Japan ,other countries might consider it too ,it can help a lot for developing countries.

 
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May 06, 2017, 01:57:40 PM
 #615

From my point of view, none of the gonvernments can resist against the rise of Bitcoin, even the strongest superpower governments such as USA. We don't need to do specific thing. The markets should respond in a way that Bitcoin will become an inevitable asset in the near future.
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May 06, 2017, 01:59:59 PM
 #616

Making government accepts bitcoin is really difficult task to achieve because now the government is very scared with bitcoin, they think bitcoin many use for money laundering.

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May 06, 2017, 02:10:34 PM
 #617

Making government accepts bitcoin is really difficult task to achieve because now the government is very scared with bitcoin, they think bitcoin many use for money laundering.
I do not know what to expect from the user if the government still decides to legalize Bitcoin on a par with other currencies. But you need to be prepared for the fact that Bitcoin will lose its advantages and users its anonymity. And probably have to pay already taxes.
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May 06, 2017, 02:22:31 PM
 #618

I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes
they dont support bitcoin because there are no benefits bitcoin taxes go to miners
Thats true, maybe if the government can benefit like a tax for bitcoin users, maybe the government might consider the legalization of bitcoin
The governments cannot legally accept bitcoin as an international currency because it will cause a threat not only on their local currency but also on their economy as well, that is why central banks have not yet approved of it.

Until this day governments continue to stay neutral when it comes to people using bitcoin and will not change that unless something big happens, than they will step up and put some laws to it.

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May 06, 2017, 02:29:56 PM
 #619

If you want those governments to accept bitcoin then we should help them to understand what is bitcoin by having a good explanation to the authorities of bitcoin like a proposal to tell them the good benefits of using bitcoin and the possibility for a change for the financial system if we they will accept and use bitcoin as their investment or another type of currency.
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May 06, 2017, 02:41:14 PM
 #620

I think that is a good idea because no government accepted it today,  so the first one who will accept it will have lots of profits but I'm afraid that it will be not simple to managed it. The government I think will have to create banks...

I don't think our company have time to accept or reject bitcoin as far as our government concern,there are more important issues in our societyneeds to focus on.

I think this is true, our governments were busy to suppress the bad guy and criminals. They have the priorities to do those things. It's not that easy to lessen those people. Must have the step by step process. Governments planned about it carefully and to fold up. They don't know how to control the bitcoin. They will solve the problem first in the community before they will go through there.

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